- Total income
- ₹4,705 Cr
- Profit
- ₹371 Cr

About Asahi India Glass Limited
Data last updated:
Asahi India Glass Limited is a public limited company based in New Delhi, Delhi, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 10 December 1984 and has been in existence for over 42 years.
Asahi India Glass is ranked #493 on the Fortune India 500 (2025) and #152 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices. Its director Sanjay Labroo is #498 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L26102DL1984PLC019542. Its GSTIN is 07AADCA7706R3Z5 (Delhi). The company holds 24 GST registrations, of which 16 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 515030 and NSE: ASAHIINDIA.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹25.49 Cr. It was formerly known as Indian Auto Safety Glass Private Limited and Asahi India Safety Glass Limited. It is led by directors including Sanjay Mohan Labroo (Managing Director) and Masao Fukami (Whole-Time Director).
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 2/10 1st Floor Whs Dda Marble Market Kirti Nagar, New Delhi, Delhi, India – 110015.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,982.15 Cr, a growth of 8.4% compared to the previous year. For the same year it recorded a net profit of ₹339.9 Cr (net margin 6.8%) and EBITDA of ₹898.42 Cr (EBITDA margin 18%). The net worth stands at ₹3,932.09 Cr (up 47.3% YoY). Total assets are valued at ₹6,462.2 Cr (up 20.2% YoY).
The company has about 3,208 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 2 brands: AIS Windows and Asahi India Glass Ltd. As per MCA filings, the company has open charges of ₹4,534.6 Cr and satisfied charges of ₹7,165.02 Cr on record. Court records list 476 cases involving the company, including 318 filed by the company and 158 filed against it; 110 cases are pending. The company has 25 deals on record (21 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹255.49 Cr; the latest was in September 2025. Its 3 peer companies in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing) are compared by revenue, 3 smaller; the largest is Agi Greenpac Limited with revenue of ₹2,603.61 Cr. The company has 61 MSME Form 1 returns on record between 2016 and 2024, listing 1,471 overdue payments to 224 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aisglass.com.
Company details
Name history
Asahi India Glass has undergone 3 name changes throughout its history. The company was previously known as Indian Auto Safety Glass Private Limited, Asahi India Safety Glass Limited, and Asahi India Glass Private Limited. The current legal name is Asahi India Glass Limited.
| Company Name | Status |
|---|---|
| Asahi India Glass Limited | Current |
| Indian Auto Safety Glass Private Limited | Previous |
| Asahi India Safety Glass Limited | Previous |
| Asahi India Glass Private Limited | Previous |
Recognitions & Rankings of Asahi India Glass
- Total income
- ₹4,705 Cr
- Profit
- ₹371 Cr
- Valuation
- ₹18,260 Cr
- #498 Sanjay Labroo ₹7,000 Cr
Contact details
Asahi India Glass Limited's registered office is in New Delhi, Delhi. Its website is aisglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2/10 1st Floor Whs Dda Marble Market Kirti Nagar, New Delhi, Delhi, India – 110015
- IndustryManufacturing, Glass & Products
To see the full contact details of Asahi India Glass Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Asahi India Glass operates two associated brands: AIS Windows and Asahi India Glass Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and installs uPVC and aluminium doors for homes and offices. | aiswindows.com | |
| Various glass types are manufactured for automotive and architectural uses. | aisglass.com |
Business activity
The main business activity of Asahi India Glass is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Asahi India Glass Limited, buy the company report.
Financials of Asahi India Glass Limited
FY 2025-26 filings availableAsahi India Glass Limited reported revenue of ₹4,982.15 Cr (up 8.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,982 | 4,594 | 4,341 | 4,019 | 3,170 | 2,421 | 2,643 |
| Revenue growth | +8.4% | +5.8% | +8.0% | +26.8% | +30.9% | -8.4% | - |
| EBITDA | 898 | 766 | 722 | 795 | 761 | 435 | 431 |
| EBITDA margin | +18.0% | +16.7% | +16.6% | +19.8% | +24.0% | +18.0% | +16.3% |
| Profit before tax | 459 | 513 | 443 | 563 | 511 | 205 | 171 |
| Net profit | 340 | 319 | 329 | 360 | 339 | 128 | 152 |
| Net profit margin | +6.8% | +6.9% | +7.6% | +9.0% | +10.7% | +5.3% | +5.8% |
| EPS (₹) | 13.52 | 15.27 | 13.49 | 15.01 | 14.18 | 5.47 | 6.32 |
| Balance sheet | |||||||
| Total assets | 6,462 | 5,375 | 4,333 | 3,484 | 3,011 | 3,017 | 3,119 |
| Net worth | 3,932 | 2,669 | 2,353 | 2,075 | 1,762 | 1,440 | 1,302 |
| Total debt | 2,198 | 2,696 | 1,968 | 1,401 | 1,238 | 1,566 | 1,762 |
| Cash & bank | 245 | 165 | 179 | 118 | 87.90 | 57.70 | 14.16 |
| Net working capital | 1,218 | 722 | 660 | 735 | 486 | 385 | 417 |
| Cash flow | |||||||
| Cash from operations | 502 | 720 | 653 | 402 | 586 | 516 | 293 |
| Cash from investing | (665) | (1,191) | (924) | (320) | (79.27) | (84.03) | (214) |
| Cash from financing | 245 | 458 | 330 | (52.09) | (479) | (382) | (93.23) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,586 | 1,413 | 1,354 | 1,256 | 1,151 | 1,229 | 1,180 | 1,124 |
| Revenue growth (YoY) | +37.8% | +15.0% | +14.8% | +11.7% | -0.6% | +8.5% | - | - |
| Other income | 5.48 | 5.75 | 9.53 | 10.48 | 10.93 | 10.77 | 8.89 | 46.23 |
| EBITDA | 346 | 325 | 287 | 239 | 188 | 192 | 197 | 175 |
| EBITDA margin | +22.0% | +23.3% | +21.6% | +19.5% | +16.5% | +15.8% | +17.1% | +15.5% |
| Depreciation | 80.35 | 80.92 | 74.82 | 72.91 | 68.98 | 67.95 | 48.57 | 48.68 |
| Interest | 44.63 | 46.73 | 41.84 | 43.25 | 59.44 | 59.32 | 32.79 | 32.05 |
| Profit before tax | 227 | 203 | 180 | 133 | 70.57 | 75.77 | 124 | 140 |
| Tax | 59.45 | 53.57 | 47.01 | 33.36 | 12.38 | 20.98 | 32.78 | 35.86 |
| Net profit | 167 | 149 | 133 | 99.47 | 58.19 | 54.79 | 91.54 | 105 |
| EPS (₹) | 6.56 | 5.85 | 5.20 | 3.90 | 2.22 | 2.31 | 3.80 | 4.34 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,668 | 4,312 | 4,146 | 3,918 | 3,110 | 2,380 | 2,599 |
| Revenue growth | +8.3% | +4.0% | +5.8% | +26.0% | +30.6% | -8.4% | - |
| EBITDA | 859 | 730 | 718 | 808 | 768 | 444 | 445 |
| EBITDA margin | +18.4% | +16.9% | +17.3% | +20.6% | +24.7% | +18.7% | +17.1% |
| Profit before tax | 449 | 527 | 454 | 575 | 519 | 218 | 184 |
| Net profit | 318 | 306 | 337 | 363 | 342 | 134 | 159 |
| Net profit margin | +6.8% | +7.1% | +8.1% | +9.3% | +11.0% | +5.6% | +6.1% |
| EPS (₹) | 12.94 | 16.01 | 13.80 | 15.13 | 14.30 | 5.71 | 6.58 |
| Balance sheet | |||||||
| Total assets | 6,444 | 5,408 | 4,343 | 3,503 | 3,043 | 3,035 | 3,144 |
| Net worth | 4,024 | 2,747 | 2,413 | 2,127 | 1,812 | 1,487 | 1,343 |
| Total debt | 2,099 | 2,631 | 1,902 | 1,350 | 1,205 | 1,523 | 1,739 |
| Cash & bank | 175 | 109 | 138 | 116 | 86.84 | 56.75 | 13.23 |
| Net working capital | 1,391 | 910 | 815 | 948 | 656 | 523 | 552 |
| Cash flow | |||||||
| Cash from operations | 454 | 664 | 656 | 377 | 566 | 517 | 292 |
| Cash from investing | (630) | (1,168) | (979) | (294) | (77.52) | (83.04) | (194) |
| Cash from financing | 244 | 475 | 344 | (55.14) | (460) | (391) | (105) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,474 | 1,320 | 1,273 | 1,177 | 1,082 | 1,144 | 1,106 | 1,054 |
| Revenue growth (YoY) | +36.2% | +15.4% | +15.1% | +11.6% | -0.6% | +7.6% | - | - |
| Other income | 5.57 | 6.39 | 9.33 | 10.69 | 11.43 | 12.34 | 9.47 | 71.31 |
| Total expenses | 1,133 | 1,003 | 998 | 943 | 906 | 963 | 917 | 888 |
| EBITDA | 341 | 317 | 275 | 234 | 177 | 181 | 189 | 166 |
| EBITDA margin | +23.3% | +24.4% | +22.0% | +20.4% | +16.4% | +15.9% | +17.5% | +15.7% |
| Depreciation | 73.63 | 74.62 | 69.84 | 67.22 | 63.43 | 62.82 | 43.78 | 43.43 |
| Interest | 43.05 | 45.13 | 40.08 | 42.44 | 57.81 | 57.73 | 31.68 | 30.37 |
| Profit before tax | 230 | 204 | 175 | 135 | 66.83 | 72.39 | 123 | 164 |
| Tax | 59.13 | 52.53 | 48.79 | 31.47 | 19.37 | 19.02 | 31.41 | 35.18 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,586 | 1,413 | 1,354 | 1,256 | 1,151 | 1,229 | 1,180 | 1,124 |
| Revenue growth (YoY) | +37.8% | +15.0% | +14.8% | +11.7% | -0.6% | +8.5% | - | - |
| Other income | 5.48 | 5.75 | 9.53 | 10.48 | 10.93 | 10.77 | 8.89 | 46.23 |
| EBITDA | 346 | 325 | 287 | 239 | 188 | 192 | 197 | 175 |
| EBITDA margin | +22.0% | +23.3% | +21.6% | +19.5% | +16.5% | +15.8% | +17.1% | +15.5% |
| Depreciation | 80.35 | 80.92 | 74.82 | 72.91 | 68.98 | 67.95 | 48.57 | 48.68 |
| Interest | 44.63 | 46.73 | 41.84 | 43.25 | 59.44 | 59.32 | 32.79 | 32.05 |
| Profit before tax | 227 | 203 | 180 | 133 | 70.57 | 75.77 | 124 | 140 |
| Tax | 59.45 | 53.57 | 47.01 | 33.36 | 12.38 | 20.98 | 32.78 | 35.86 |
| Net profit | 167 | 149 | 133 | 99.47 | 58.19 | 54.79 | 91.54 | 105 |
| EPS (₹) | 6.56 | 5.85 | 5.20 | 3.90 | 2.22 | 2.31 | 3.80 | 4.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,982 | 4,594 | 4,341 | 4,019 | 3,170 | 2,421 | 2,643 |
| Revenue growth | +8.4% | +5.8% | +8.0% | +26.8% | +30.9% | -8.4% | - |
| Other income | 48.88 | 66.69 | 33.35 | 32.74 | 30.71 | 45.68 | 22.61 |
| Total expenses | 4,084 | 3,828 | 3,619 | 3,224 | 2,410 | 1,987 | 2,212 |
| Employee cost | 490 | 419 | 359 | 322 | 289 | 263 | 271 |
| EBITDA | 898 | 766 | 722 | 795 | 761 | 435 | 431 |
| EBITDA margin | +18.0% | +16.7% | +16.6% | +19.8% | +24.0% | +18.0% | +16.3% |
| Depreciation | 285 | 192 | 177 | 160 | 160 | 132 | 137 |
| Interest | 204 | 128 | 136 | 105 | 121 | 143 | 146 |
| Profit before tax | 459 | 513 | 443 | 563 | 511 | 205 | 171 |
| Tax | 114 | 145 | 118 | 202 | 168 | 74.20 | 19.45 |
| Net profit | 340 | 319 | 329 | 360 | 339 | 128 | 152 |
| Net profit margin | +6.8% | +6.9% | +7.6% | +9.0% | +10.7% | +5.3% | +5.8% |
| EPS (₹) | 13.52 | 15.27 | 13.49 | 15.01 | 14.18 | 5.47 | 6.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.49 | 24.31 | 24.31 | 24.31 | 24.31 | 24.31 | 24.31 |
| Reserves & surplus | 3,907 | 2,645 | 2,329 | 2,050 | 1,738 | 1,415 | 1,278 |
| Shareholders' funds (net worth) | 3,932 | 2,669 | 2,353 | 2,075 | 1,762 | 1,440 | 1,302 |
| Minority interest | 2.08 | (26.63) | (22.66) | (21.38) | (18.17) | (16.15) | (13.74) |
| Secured loans | 1,619 | 1,885 | 1,723 | 1,267 | 1,190 | 1,371 | 1,583 |
| Unsecured loans | 579 | 811 | 244 | 135 | 48.91 | 195 | 179 |
| Total debt | 2,198 | 2,696 | 1,968 | 1,401 | 1,238 | 1,566 | 1,762 |
| Total liabilities | 6,462 | 5,375 | 4,333 | 3,484 | 3,011 | 3,017 | 3,119 |
| Assets | |||||||
| Gross block | 5,984 | 5,244 | 3,646 | 3,253 | 3,021 | 2,775 | 2,460 |
| Net block | 4,534 | 4,046 | 2,616 | 2,395 | 2,323 | 2,221 | 2,035 |
| Capital work in progress | 445 | 562 | 826 | 235 | 90.77 | 262 | 489 |
| Investments | 77.72 | 49.71 | 85.21 | 112 | 84.95 | 68.56 | 55.01 |
| Inventories | 1,227 | 1,119 | 994 | 1,028 | 716 | 654 | 722 |
| Sundry debtors | 509 | 442 | 354 | 337 | 246 | 268 | 261 |
| Cash & bank balances | 245 | 165 | 179 | 118 | 87.90 | 57.70 | 14.16 |
| Loans & advances | 349 | 289 | 216 | 262 | 176 | 161 | 163 |
| Total current assets | 2,330 | 2,015 | 1,743 | 1,745 | 1,226 | 1,141 | 1,161 |
| Total current liabilities | 1,111 | 1,293 | 1,083 | 1,010 | 739 | 756 | 744 |
| Net working capital | 1,218 | 722 | 660 | 735 | 486 | 385 | 417 |
| Total assets | 6,462 | 5,375 | 4,333 | 3,484 | 3,011 | 3,017 | 3,119 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 159 | 172 | 113 | 83.70 | 55.53 | 4.62 | 18.42 |
| Net cash from operating activities | 502 | 720 | 653 | 402 | 586 | 516 | 293 |
| Net cash from investing activities | (665) | (1,191) | (924) | (320) | (79.27) | (84.03) | (214) |
| Net cash from financing activities | 245 | 458 | 330 | (52.09) | (479) | (382) | (93.23) |
| Net change in cash | 81.64 | (13.40) | 59.17 | 29.21 | 28.17 | 50.91 | (13.80) |
| Closing cash | 245 | 165 | 179 | 118 | 87.90 | 57.70 | 14.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.4% | +5.8% | +8.0% | +26.8% | +30.9% | -8.4% | - |
| EBITDA growth | +17.3% | +6.1% | -9.2% | +4.5% | +75.0% | +0.8% | - |
| PBT growth | -10.5% | +15.9% | -21.4% | +10.3% | +149.3% | +20.0% | -39.1% |
| Net income growth | +6.7% | -3.2% | -8.6% | +6.1% | +165.4% | -16.1% | - |
| Revenue CAGR (3Y) | +7.4% | +13.2% | +21.5% | +15.0% | +2.9% | -2.8% | +4.1% |
| EBITDA CAGR (3Y) | +4.2% | +0.2% | +18.4% | +22.6% | +14.4% | -1.8% | +1.4% |
| Profitability & leverage | |||||||
| Net income margin | +6.9% | +8.0% | +7.5% | +9.0% | +10.8% | +5.4% | +5.7% |
| Return on capital employed | +11.2% | +13.1% | +14.7% | +20.4% | +20.8% | +11.3% | +10.5% |
| Return on net worth | +10.5% | +14.6% | +14.7% | +18.9% | +21.4% | +9.5% | +12.0% |
| Debt / equity | 0.74 | 0.93 | 0.76 | 0.69 | 0.88 | 1.21 | 1.35 |
| Long-term debt / equity | 0.58 | 0.69 | 0.49 | 0.44 | 0.60 | 0.78 | 0.88 |
| Interest cover | 33.21 | 22.34 | 24.93 | 16.47 | 20.13 | 47.35 | 49.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.89 | 1.03 | 1.26 | 1.28 | 1.09 | 0.93 | 1.13 |
| Inventory turnover | 4.25 | 4.35 | 4.29 | 4.61 | 4.63 | 3.52 | 3.74 |
| Debtors turnover | 10.48 | 11.55 | 12.57 | 13.80 | 12.34 | 9.15 | 9.96 |
| EPS (₹) | 13.52 | 15.27 | 13.49 | 15.01 | 14.18 | 5.47 | 6.32 |
| Dividend per share (₹) | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Book value per share (₹) | 154.26 | 109.79 | 96.81 | 85.34 | 72.50 | 59.23 | 53.57 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,474 | 1,320 | 1,273 | 1,177 | 1,082 | 1,144 | 1,106 | 1,054 |
| Revenue growth (YoY) | +36.2% | +15.4% | +15.1% | +11.6% | -0.6% | +7.6% | - | - |
| Other income | 5.57 | 6.39 | 9.33 | 10.69 | 11.43 | 12.34 | 9.47 | 71.31 |
| Total expenses | 1,133 | 1,003 | 998 | 943 | 906 | 963 | 917 | 888 |
| EBITDA | 341 | 317 | 275 | 234 | 177 | 181 | 189 | 166 |
| EBITDA margin | +23.3% | +24.4% | +22.0% | +20.4% | +16.4% | +15.9% | +17.5% | +15.7% |
| Depreciation | 73.63 | 74.62 | 69.84 | 67.22 | 63.43 | 62.82 | 43.78 | 43.43 |
| Interest | 43.05 | 45.13 | 40.08 | 42.44 | 57.81 | 57.73 | 31.68 | 30.37 |
| Profit before tax | 230 | 204 | 175 | 135 | 66.83 | 72.39 | 123 | 164 |
| Tax | 59.13 | 52.53 | 48.79 | 31.47 | 19.37 | 19.02 | 31.41 | 35.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,668 | 4,312 | 4,146 | 3,918 | 3,110 | 2,380 | 2,599 |
| Revenue growth | +8.3% | +4.0% | +5.8% | +26.0% | +30.6% | -8.4% | - |
| Other income | 51.32 | 92.50 | 30.97 | 21.47 | 24.11 | 39.92 | 15.44 |
| Total expenses | 3,810 | 3,582 | 3,428 | 3,110 | 2,342 | 1,937 | 2,155 |
| Employee cost | 409 | 352 | 316 | 294 | 269 | 244 | 254 |
| EBITDA | 859 | 730 | 718 | 808 | 768 | 444 | 445 |
| EBITDA margin | +18.4% | +16.9% | +17.3% | +20.6% | +24.7% | +18.7% | +17.1% |
| Depreciation | 263 | 172 | 165 | 154 | 155 | 127 | 132 |
| Interest | 198 | 122 | 131 | 101 | 118 | 138 | 144 |
| Profit before tax | 449 | 527 | 454 | 575 | 519 | 218 | 184 |
| Tax | 119 | 138 | 118 | 207 | 171 | 79.14 | 24.25 |
| Net profit | 318 | 306 | 337 | 363 | 342 | 134 | 159 |
| Net profit margin | +6.8% | +7.1% | +8.1% | +9.3% | +11.0% | +5.6% | +6.1% |
| EPS (₹) | 12.94 | 16.01 | 13.80 | 15.13 | 14.30 | 5.71 | 6.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.49 | 24.31 | 24.31 | 24.31 | 24.31 | 24.31 | 24.31 |
| Reserves & surplus | 3,999 | 2,723 | 2,389 | 2,103 | 1,788 | 1,462 | 1,319 |
| Shareholders' funds (net worth) | 4,024 | 2,747 | 2,413 | 2,127 | 1,812 | 1,487 | 1,343 |
| Secured loans | 1,952 | 2,215 | 1,698 | 1,243 | 1,180 | 1,359 | 1,570 |
| Unsecured loans | 147 | 417 | 203 | 107 | 25.51 | 164 | 169 |
| Total debt | 2,099 | 2,631 | 1,902 | 1,350 | 1,205 | 1,523 | 1,739 |
| Total liabilities | 6,444 | 5,408 | 4,343 | 3,503 | 3,043 | 3,035 | 3,144 |
| Assets | |||||||
| Gross block | 5,628 | 4,925 | 3,354 | 3,078 | 2,937 | 2,693 | 2,379 |
| Net block | 4,259 | 3,795 | 2,383 | 2,256 | 2,263 | 2,161 | 1,971 |
| Capital work in progress | 418 | 552 | 813 | 227 | 88.96 | 262 | 488 |
| Investments | 258 | 230 | 244 | 114 | 51.53 | 46.57 | 42.40 |
| Inventories | 1,127 | 1,042 | 926 | 991 | 685 | 630 | 699 |
| Sundry debtors | 719 | 631 | 510 | 499 | 380 | 382 | 369 |
| Cash & bank balances | 175 | 109 | 138 | 116 | 86.84 | 56.75 | 13.23 |
| Loans & advances | 399 | 367 | 279 | 314 | 222 | 195 | 193 |
| Total current assets | 2,420 | 2,149 | 1,853 | 1,920 | 1,374 | 1,264 | 1,275 |
| Total current liabilities | 1,029 | 1,239 | 1,038 | 971 | 718 | 741 | 723 |
| Net working capital | 1,391 | 910 | 815 | 948 | 656 | 523 | 552 |
| Total assets | 6,444 | 5,408 | 4,343 | 3,503 | 3,043 | 3,035 | 3,144 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 103 | 131 | 111 | 82.64 | 54.58 | 10.98 | 18.06 |
| Net cash from operating activities | 454 | 664 | 656 | 377 | 566 | 517 | 292 |
| Net cash from investing activities | (630) | (1,168) | (979) | (294) | (77.52) | (83.04) | (194) |
| Net cash from financing activities | 244 | 475 | 344 | (55.14) | (460) | (391) | (105) |
| Net change in cash | 67.09 | (28.14) | 20.91 | 27.94 | 28.06 | 43.60 | (7.08) |
| Closing cash | 175 | 109 | 138 | 116 | 86.84 | 56.75 | 13.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +8.3% | +4.0% | +5.8% | +26.0% | +30.6% | -8.4% | - |
| EBITDA growth | +17.7% | +1.6% | -11.2% | +5.3% | +72.9% | -0.2% | - |
| PBT growth | -15.0% | +16.2% | -21.1% | +10.8% | +138.1% | +18.4% | -36.1% |
| Net income growth | +3.9% | -9.1% | -7.2% | +6.1% | +156.0% | -15.7% | - |
| Revenue CAGR (3Y) | +6.0% | +11.5% | +20.3% | +14.7% | +2.9% | -2.8% | +4.1% |
| EBITDA CAGR (3Y) | +2.0% | -1.7% | +17.4% | +22.1% | +14.0% | -2.0% | +1.4% |
| Profitability & leverage | |||||||
| Net income margin | +7.1% | +9.0% | +8.1% | +9.4% | +11.2% | +5.8% | +6.2% |
| Return on capital employed | +10.9% | +12.0% | +14.9% | +20.7% | +21.0% | +11.5% | +10.8% |
| Return on net worth | +9.7% | +13.2% | +14.8% | +18.7% | +21.1% | +9.8% | +12.3% |
| Debt / equity | 0.70 | 0.88 | 0.72 | 0.65 | 0.83 | 1.15 | 1.30 |
| Long-term debt / equity | 0.54 | 0.65 | 0.45 | 0.42 | 0.58 | 0.75 | 0.85 |
| Interest cover | 33.27 | 21.95 | 23.60 | 15.44 | 19.20 | 43.74 | 46.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.88 | 1.04 | 1.29 | 1.30 | 1.10 | 0.94 | 1.14 |
| Inventory turnover | 4.31 | 4.38 | 4.33 | 4.68 | 4.73 | 3.58 | 3.80 |
| Debtors turnover | 6.92 | 7.56 | 8.22 | 8.92 | 8.17 | 6.34 | 6.94 |
| EPS (₹) | 12.94 | 16.01 | 13.80 | 15.13 | 14.30 | 5.71 | 6.58 |
| Dividend per share (₹) | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Book value per share (₹) | 157.88 | 113.00 | 99.28 | 87.50 | 74.54 | 61.15 | 55.25 |
To see the full year-wise statements and ratios of Asahi India Glass Limited, buy the company report.
Board of directors of Asahi India Glass Limited
Asahi India Glass has 10 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Mohan Labroo Also directs: Lans Business LLP, Ais Consumer Glass Solutions Limited, Krishna Maruti Limited. and 5 more | Managing Director | 22 Aug 1989 | 37 Years 2 Months | Current |
| Sheetal Kapal Mehta | Director | 04 Nov 2020 | 6 Years 0 Months | Current |
| Masao Fukami | Whole-Time Director | 01 Jan 2023 | 3 Years 10 Months | Current |
| Nisheeta Labroo Also directs: Lans Business LLP | Director | 17 Feb 2023 | 3 Years 8 Months | Current |
| Avanti Birla Also directs: SVTL Vanijya Limited, CK Birla Healthcare Private Limited | Director | 25 Jun 2025 | 1 Years 4 Months | Current |
| Kazuo Ninomiya | Director | 01 Aug 2025 | 1 Years 3 Months | Current |
Peer comparison
Asahi India Glass Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asahi India Glass Limitedthis company | ₹4,982.15 Cr (FY 2026) | ₹339.9 Cr | 6.8% | 8.4% | 3,208 | New Delhi, Delhi, India |
| Agi Greenpac Limited | ₹2,603.61 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Gold Plus Glass Industry Limited | ₹2,510.23 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Borosil Renewables Limited | ₹1,514.58 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Asahi India Glass Limited, buy the company report.
Auditor
Asahi India Glass Limited is audited by VSSA&Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSSA&Associates | FY 2025 | 012421N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.60%, foreign institutional investors hold 4.80%, domestic institutional investors hold 5.30% and retail and other public shareholders hold 38.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.60% | 51.60% | 51.60% | 51.60% |
| Public | 48.40% | 48.40% | 48.40% | 48.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2026 | 101382416 | Others | ₹89 Cr | Open | |
| 17 Jul 2026 | 101351577 | Others | ₹100 Cr | Open | |
| 13 Mar 2026 | 101257583 | Others | ₹200 Cr | Open | |
| 26 Nov 2025 | 101203619 | Others | ₹125 Cr | Open | |
| 19 Nov 2025 | 101198817 | Others | ₹180 Cr | Open |
To see the full charge records of Asahi India Glass Limited, buy the company report.
Total charge records: 144 View all charges
Deals & funding
Asahi India Glass Limited has 25 deals on record (21 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹255.49 Cr; the latest was in September 2025.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | QIP | ₹1,000 Cr | Investors: Theleme India Master Fund Limited, Nippon Life India Trustee Limited , SBI Mutual Fund |
| Mar 2023 | Market trade | ₹18.64 Cr | Buyer: Allied Fincap Services Private Limited Seller: an individual |
| Mar 2016 | Market trade | ₹16.88 Cr | Seller: Avantha Realty Limited |
| Mar 2014 | Market trade | ₹20.09 Cr | Buyer: Avantha Realty Limited Seller: an individual |
| Sep 2008 | Market trade | ₹24.24 Cr | Buyer: Trupti Petroleums Pvt Ltd , Urudavan Investment and Trading Private Limited Seller: Swiss Fin Corpo Mauritius Ltd |
To see the full deal history of Asahi India Glass Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asahi India Glass Limited has 476 court cases on record: 318 filed by Asahi India Glass, 158 filed against it. 110 cases are pending and 366 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 316 | 106 | 66 |
| High courts | 143 | 42 | 34 |
| Supreme Court | 17 | 10 | 10 |
Cases on record (5 of 476)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against individuals | Pending |
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against individuals | Pending |
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against individuals | Pending |
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against an individual | Pending |
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed by the company against individuals | Pending |
To see the full case history of Asahi India Glass Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Asahi India Glass Limited was last rated by Care on 23 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Aug 2022 |
To see the full credit ratings and regulatory alerts of Asahi India Glass Limited, buy the company report.
MSME payment delays
Asahi India Glass Limited has 61 MSME Form 1 returns on record between 2016 and 2024, listing 1,471 overdue payments to 224 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 224)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Reliable Packaging | |||
| Sam Engineering Construction | |||
| an individual supplier | |||
| Ais Consumer Glass Solutions Limited | |||
| an individual supplier |
To see the full MSME payment records of Asahi India Glass Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Asahi India Glass has 5 subsidiary companies and 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Integrated Glass Materials Limited | U14220DL2009PLC188298 | |
| Ais Glass Solutions Limited | U26109DL2004PLC127666 | |
| Asahi India Flat Glass Limited | U26999DL2022PLC397610 | |
| GX Glass Sales and Services Limited | U74140DL2010PLC202377 | |
| Shield Autoglass Limited | U74899DL2000PLC104098 |
To see the full group structure of Asahi India Glass Limited, buy the company report.
Employees & EPFO
Asahi India Glass Limited has a workforce of 3,208 employees on its EPFO records as of May 2026, across 7 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3,208 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2011-12 | |
| FY 2010-11 |
To see the full employee and EPFO history of Asahi India Glass Limited, buy the company report.
GST
Asahi India Glass has 24 GST registrations: 16 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCA7706R3Z5 | Delhi | Active | 20 Aug 2019 |
| 05AADCA7706R1ZB | Uttarakhand | Active | 01 Jul 2017 |
| 06AADCA7706R1Z9 | Haryana | Active | 01 Jul 2017 |
| 24AADCA7706R1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asahi India Glass Limited, buy the company report.
Recent activity
Asahi India Glass Limited has 70 board changes on record since 1985: 41 appointments and 29 cessations. The latest: Takahiro Tokuda was appointed as Director on 01 Apr 2026.
379 earlier events are in the company report.
News
Frequently asked questions
Asahi India Glass is an active public limited company based in New Delhi, Delhi, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 10 December 1984 (42+ years old) and is registered under CIN L26102DL1984PLC019542. Listed on BSE: 515030 and NSE: ASAHIINDIA.
Asahi India Glass reported revenue of ₹4,982.15 Cr for FY 2025-26 (up 8.4% YoY) based on consolidated financials.
Asahi India Glass has 10 current directors:
- Sanjay Mohan Labroo - Managing Director
- Masao Fukami - Whole-Time Director
- Sheetal Kapal Mehta - Director
- Nisheeta Labroo - Director
- Avanti Birla - Director
- Kazuo Ninomiya - Director
- Shashank Srivastava - Director
- Ravin Khosla - Director
- Kamaljit Kalkat - Director
- Takahiro Tokuda - Director
The latest financial statements of Asahi India Glass on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asahi India Glass is 07AADCA7706R3Z5, registered in Delhi. The company has 24 GST registrations in all, of which 16 are active and 8 are cancelled or inactive. Other active GSTINs include 05AADCA7706R1ZB (Uttarakhand), 06AADCA7706R1Z9 (Haryana), 24AADCA7706R1ZB (Gujarat).
The CIN (Corporate Identification Number) of Asahi India Glass is L26102DL1984PLC019542. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Asahi India Glass is a listed company as per MCA records. Its shares are listed on both BSE (code: 515030) and NSE (symbol: ASAHIINDIA).
Asahi India Glass has 476 court cases on record: 318 filed by the company and 158 filed against it. 110 are pending. Most are in the district courts.
Asahi India Glass was incorporated on 10 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
Asahi India Glass has 25 deals on record (21 market trades, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹255.49 Cr; the latest was in September 2025.
The peers of Asahi India Glass by revenue are Agi Greenpac Limited, Gold Plus Glass Industry Limited, Borosil Renewables Limited, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing).
Takahiro Tokuda was appointed as Director on 01 Apr 2026. Kazuo Ninomiya was appointed as Director on 01 Aug 2025. Avanti Birla was appointed as Director on 25 Jun 2025. Asahi India Glass has 70 board changes on record in total.

